Reasonable chance tomorrow creates a near term bottom in soybeans
Baby Robin
Posted 10/11/2021 20:54 (#9264189 - in reply to #9264141)
Subject: RE: Reasonable chance tomorrow creates a near term bottom in soybeans


Fontanelle, IA
I'm thinking the boom is going to get lowered in the short term. 52.5 bpa

Everyone is pricing fert and getting sticker shock with no lube. Inputs are being bought chasing the come... without protecting the margin. Brazil and currency rate has to be dumping gas on a fire.

Crop insurance price was $11.87 & $4.58 - color me cynical. Cotton and wheat are the glittered gals in a Bonpas type of short term market! :-) (miss your posts Bonpas! if you read this)

EDIT: hope I am wrong. too many "neutral" to bullish strings.....

Edited by Baby Robin 10/11/2021 20:57
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